The Market Statsville Group (MSG) publishes the new report on the “Cloud Based Data Management Services Market by Services (Integration Services, Data security and back-up services, Quality-as-a-Service), by Services Model (Software-as-a-Service, Platform-as-a-Service, Infrastructure-as-a-Service), by Deployment, End User, By Region – Global Share and Forecast to 2033
According to the Market Statsville Group (MSG), the global cloud-based data management services market size is expected to grow from USD 20,831.30 million in 2022 to USD 3,63,962.03 million by 2033, at a CAGR of 29.7% from 2023 to 2033.
The cloud-based data management services market consists of sales of cloud based data management services by entities (organizations, sole traders, and partnerships). The use of cloud computing services and applications has received significant attention in recent years, fueling the demand for cloud-based data management services. These services are gaining traction as cloud data management alternatives to antiquated on-premises technologies. Cloud databases and Database as a Service (DaaS) platforms are picking up steam in businesses where on-premises databases were previously the preferred option. Such innovations are having an impact on end-user demand patterns, and prospects in this area are growing.
The market for cloud-based data management services is growing due to increased use of cloud-based installations across sectors. Other factors, including the rise of big data and rising demand for mobility solutions and services, are propelling this industry at a rapid pace. As the demand for cloud-based solutions is increasing across all the verticals the demand for data management is also being observed as high in several verticals.
Global Cloud Based Data Management Services Market Segmentation
The overall cloud based data management services market has been segmented into services, service model, deployment, end user, and region.
· By Services (Integration Services, Data security and back-up services, Quality-as-a-Service)
· By Service Model (Software-as-a-Service, Platform-as-a-Service, Infrastructure-as-a-Service)
· By Deployment (Public cloud, Private cloud, Others)
· By End User (BFSI, Manufacturing, Healthcare, IT & Telecommunication, Retail, Others)
· By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
Public cloud segment is at the highest CAGR during the forecast period
Public cloud segment is expected to grow at the highest CAGR during the forthcoming period. The capabilities of public cloud computing in particular have made the overnight shift to remote working a lot easier. Lockdowns aside, cloud also enables businesses to take advantage of automated backups and heightened data security. Granted, it may seem counter-intuitive that sending clients data off-premises is safer than having it within corporate firewall.
A move to public cloud can result in significant cost savings – eliminating hardware and associated maintenance costs, and reducing expenses related to storage, networking, software licenses and more. Managed services providers can help with cloud cost optimization, with consolidation during a migration and post-migration that includes regular right- and tight-sizing reviews.
 publishes the new report on the "Cloud Based Data Management Services Market by Services){kind=link}